Local Stock Desk reports market close gains
Dow ends at 21 987 56 up 39.46 points while NASDAQ moves to 6435.33 with a 6.67 rise. Stocks of local interest show modest gains across listed shares and indexes.
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Newspaper
Holland Sentinel
Location
Holland, Michigan, United States of America
Date
Sep 02, 2017
Page
4
Dow ends at 21 987 56 up 39.46 points while NASDAQ moves to 6435.33 with a 6.67 rise. Stocks of local interest show modest gains across listed shares and indexes.
U.S. payrolls expanded by 156000 in August while the unemployment rate edged up to 4.4 percent. June and July estimates were revised down by 41000 with the year’s average monthly gain at 176000, signaling steady but slower hiring in a nine year recovery.
Explosions at Arkema's Crosby Texas facility after floodwaters from Harvey crippled power and cooling. 500000 pounds of unstable liquid organic peroxide will burn on site due to lack of cooling. Officials warn broader refinery and chemical plant damage could follow as regulators and industry face tougher scrutiny.
U.S. stocks edged higher as the Labor Department reported 156,000 jobs added in August, a lighter gain than expected yet viewed as evidence of continued growth with tame inflation. Banks energy firms and automakers led as investors bet on slow rate hikes by the Federal Reserve and car sales supported by Gulf Coast flood rebuilding.
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